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Following an annual review, the Minneapolis, Minn.-based firm is rolling out several changes in its payout structure as it moves away from a deferred compensation contribution model.

It is often said that when men plan, the gods laugh. Nowhere is this perhaps more true than when it comes to planning for retirement. While we all acknowledge the risk that finances can play on our retirement plans, the reality is that threats to our retirement plans can come from all areas of our lives.

In a new strategic direction, Washington Wealth Management, a two-year old firm that has been growing on a tear by luring advisors from wirehouses, has joined LPL, bringing $750 million in assets under management to the country's largest independent broker-dealer.

Vanguard's Gus Sauter is finishing up a quarter century with the giant investment company. In those years, he has been a big part of market structure changes. In the first part of a multiple part Q&A, Sauter explains how he views those changes.

On top of a $180 annual fee, the CFP Board's 67,000 members are also each paying a $145 surcharge for the promotional campaign, which includes advertising on NPR and in major consumer publications.

Mary Martuscelli, a 33-year J.P. Morgan Chase veteran, will be responsible for growing and managing all aspects of the wealth management business in Washington, Oregon, California, Arizona, Nevada, Utah and Colorado.

Pyxis Capital has hired Keith Watts as Head of National Sales.

Hatteras Funds has launched the Hatteras Managed Futures Strategies Fund (HMFIX, HMFAX), which bets on an existing $56 million strategy of the Hatteras Alpha Hedged Strategies Fund (ALPHX, APHAX, APHCX, ALPIX), a multi-strategy, multi-manager alternative mutual fund.

The Vanguard Mega Cap 300 Index Fund is replacing its index and changing its name in the next few months, according to a filing.

A decade ago, the fund industry got mired in a market-timing scandal, involving the placement of orders after the market closed.